I am writing this update on a beautiful fall morning in Portland. This in and of itself is a monumental occasion because I am not rushing to go show an apartment, fix a leaking toilet, or reconcile our trust accounts. For the first time ever, I have the ability to sit down and communicate with you about our company: how we got started, where we are at now, and where we are going in the near future.
Summer is always the busiest time in the rental business when it comes to leasing activities. It is when most leases expire and the most demand occurs. People tend to move in the summer when they have the time, energy, and favorable weather to do so. This is when rental prices will reach their seasonal peak. The Portland rental market is no different, but for years now we've seen rental prices increase even through slower seasons. This summer things changed.
Don't be caught off guard when a roommate decide to leave. This isn't the end of the world and it is good to be able to have a consistent policy upfront correctly up front so that you are not caught off guard.
Have you ever been baffled by electrical problems at your rental? Electricians are expensive and should be your last ditch effort after trying these (very) simple solutions.
As a property manager it’s nice to have great applicants to choose from, but as a potential renter it can be a frustrating experience. It’s becoming all too common in this market for management companies never to return phone calls or emails, to charge exorbitant application fees to everyone that applies, or to completely remove the human element out of it by only offering a pay per self-guided tour scheme. Learn how to increase your chances of success.
A question we get asked a lot is “how much should I charge for rent?” It’s a great question and obviously one of the most important aspects of rental property. If you charge too much then you run the risk of having higher vacancy. Charge too little and you leave a lot of money on the table and you are not maximizing your investment.
"Let's face it. Us Americans like our space. We like big yards, multiple bedrooms with the option of a home office, a basement, and garage. However, there is a growing contingent of people that is bucking that trend and we decided to join them. We made a decision eight months ago to live tiny. Not because it was cheaper (because it wasn't), but because we believed in reducing the clutter and living simply."